Nvidia Reports Record Revenue For Its Q1 Fiscal 2019, Revenue Up 66% Thanks To GTX 10 Series GPUs

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Nvidia Reports Record Revenue For Its Q1 Fiscal 2019, Revenue Up 66% Thanks To GTX 10 Series GPUs

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There is no doubt that Nvidia holds the most GPU market share due to its incredible GPUs and it comes as no surprise that Nvidia has brought in record revenue, up 66%, for the first quarter of its fiscal year 2019.

During the company’s recent earnings call, the company revealed that it brought in revenue of $3.21 billion which is 66% up from last year. Furthermore, the company brought in $1.3 billion in operating profits which is up 134% from last year.

Not only that, Nvidia also saw a huge bump in GPU sales and brought in $2.77 billion from GPU sales alone which is 77% up from last year. Furthermore, GTX 10 series sales represent $1.7 billion of the $2.77 billion which is up 68% up from last year

Moving past the consumer GPUs, Nvidia also saw an increase of 71% for NVIDIA’s datacenter business revenue which is attributed to the sales of Tesla V100 units, DGX systems, and HPC design.

OEM sales brought in $289 million in revenue which is up 148% from last year which Nvidia thinks is due to “GPUs for cryptocurrency mining”.

In related news, a report has made its way on the internet suggesting that Nvidia is bringing a GTX 1050 with 3 GB VRAM to the market.

According to the report, a 3 GB version of GTX 1050 is being worked on by Nvidia. However, there is a possibility that this 3 GB version of the GPU could be China exclusive like the 5 GB version of GTX 1060.

The reason why Nidia might be introducing a 3 GB version of the GPU might be the increasing VRAM requirements of video games and 2 GB VRAM is not enough in most cases to run games at a decent frame rate at 1080p resolution.